RMUNX vs. BNDX
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and Vanguard Total International Bond ETF (BNDX).
RMUNX is managed by Invesco. It was launched on May 14, 1986. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or BNDX.
Performance
RMUNX vs. BNDX - Performance Comparison
Returns By Period
In the year-to-date period, RMUNX achieves a 2.36% return, which is significantly lower than BNDX's 3.32% return. Over the past 10 years, RMUNX has outperformed BNDX with an annualized return of 4.28%, while BNDX has yielded a comparatively lower 2.00% annualized return.
RMUNX
2.36%
1.61%
3.47%
8.59%
1.80%
4.28%
BNDX
3.32%
0.42%
4.21%
7.27%
-0.01%
2.00%
Key characteristics
| RMUNX | BNDX | |
|---|---|---|
| Sharpe Ratio | 1.58 | 1.76 |
| Sortino Ratio | 2.29 | 2.67 |
| Omega Ratio | 1.35 | 1.31 |
| Calmar Ratio | 0.74 | 0.65 |
| Martin Ratio | 6.88 | 6.37 |
| Ulcer Index | 1.25% | 1.14% |
| Daily Std Dev | 5.43% | 4.12% |
| Max Drawdown | -36.54% | -16.23% |
| Current Drawdown | -4.02% | -4.30% |
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RMUNX vs. BNDX - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Correlation
The correlation between RMUNX and BNDX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
RMUNX vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and Vanguard Total International Bond ETF (BNDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
RMUNX vs. BNDX - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.02%, less than BNDX's 4.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.02% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% | 13.31% |
BNDX Vanguard Total International Bond ETF | 4.76% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
RMUNX vs. BNDX - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for RMUNX and BNDX. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. BNDX - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 2.41% compared to Vanguard Total International Bond ETF (BNDX) at 0.81%. This indicates that RMUNX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.